Tag: Consumer Price Index
-
U.S. dollar falls to over one-year low as inflation slows again in June
[ad_1] The U.S. dollar fell Wednesday after the consumer-price index for June showed the rate of inflation slowing to the lowest level since 2021. The ICE U.S. Dollar Index DXY, -1.12%, a measure of the currency against a basket of six major rivals, fell to 100.58 on Wednesday, on pace for the lowest level since…
-
Where’s the highest inflation in U.S.? Florida and the far West
[ad_1] Where is inflation hurting Americans the most? Try the areas around Tampa Bay, Miami, San Diego and Denver. People living in these fast-growing metro regions face the highest inflation in the country, government data show, driven by rising rents and expensive home prices. Big cities in Florida are particular hot spots. The Sunshine State’s…
-
S&P 500 is most likely going to correct back to 4,100, Mizuho warns market bulls
[ad_1] It isn’t a bullish sign for the stock market that the Federal Reserve is still chasing “an elusive soft landing” for the economy more than a year into its battle against high inflation, according to economists to Mizuho Securities. The Fed already lifted its benchmark interest rate to a 5%-5.25% range in roughly the…
-
Why next week’s inflation data means a pivotal week for U.S. stock market lies ahead
[ad_1] A flurry of U.S. employment data this week left investors puzzled about the future stance of the Federal Reserve’s monetary policy, but next week’s June CPI report may give the stock market more clarity on whether the Fed will still have to ratchet up its fight against inflation after pausing its aggressive series of…
-
Opinion: The expected recession hasn’t arrived, but higher inflation is sticking around
[ad_1] U.S. headline CPI inflation has had an impressive surge and an equally impressive reversal. Are Americans heading back to the good old days of persistent low inflation? Unpacking the trends in CPI and their causes suggests not, with important implications for all of us in the real economy. The rapid decline in headline inflation…
-
U.S. inflation slows, PCE shows, but price pressures still sticky
[ad_1] The numbers: The cost of goods and services rose a scant 0.1% in May and pointed to a gradual easing in U.S. inflation, but prices were still rising sharply in key parts of the economy. The increase in the personal-consumption expenditures index matched the Wall Street forecast. The PCE index is the Federal Reserve’s…
-
Japan’s consumer prices rose at slightly slower pace in May
[ad_1] TOKYO — The pace of Japan’s consumer inflation slowed slightly in May due to declines in electricity prices. Overall consumer prices rose 3.2% from a year earlier in May, compared with a 3.5% increase in April, government data showed Friday. In a sign of growth in core inflation, consumer prices excluding volatile fresh food…
-
‘Greedflation’ is replacing inflation as companies raise prices for bigger profits, report finds
[ad_1] They’re calling it “greedflation.” That’s the practice by many S&P 500 food and consumer companies of raising prices to protect what a new report calls their “cushioned corporate profits,” and it has enabled them to boost margins through the current inflationary period. Companies including Kimberly-Clark Corp. KMB, PepsiCo Inc. PEP, General… [ad_2] Source link
-
Here’s why a stop-and-go Fed might rattle U.S. markets
[ad_1] Tuesday’s consumer-price index report for May brought some welcome signs of easing U.S. inflation for investors, along with a more complicated task for the Federal Reserve and Chairman Jerome Powell. Readings on core CPI gauges, which strip out food and energy to present a purer read on inflation, are still likely too hot for…